Stocks end lower Tuesday, with beneficiaries of the recent rotation into cyclically sensitive stocks feeling the brunt of the selloff as concerns rose around rising COVID-19 cases in Europe that have prompted extended lockdowns.
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The Silicon Valley company also offered second-quarter and full-year guidance that exceeded analyst estimates, and said Chief Financial Officer John Murphy intends to retire in 2021.
'The stresses of remote instruction are clearly depressing labor force participation,' one expert said
‘To me, speed is really the answer here.’
During the Great Recession, long-term joblessness took almost two years to climb to this level.
'It would be sad and painful to see people end up losing this money that was designed to prop up the economy and get us out of COVID-induced recession.'
U.S. stock-index futures on Monday indicate a mixed start for the week, following losses for all three major benchmarks last week as investors weigh brightening economic prospects against worries that interest rates will climb sooner than anticipated...
